Why First Majestic Silver Corp. (AG) Crashed on Tuesday

We recently published an article titled Gold Miners Dominate Tuesday’s Worst-Performing Stocks. In this article, we are going to take a look at where First Majestic Silver Corp. (NYSE:AG) stands against the other stocks.

Wall Street’s main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

An open-pit mine framed by a mountain range, highlighting the company’s vast mining concessions.

First Majestic Silver Corp. (NYSE:AG)

First Majestic Silver Corp. (NYSE:AG) declined for a third straight day on Tuesday, shedding 5.73 percent to end at $6.09 apiece as investor sentiment was dampened by a sell-off in gold prices.

As of this writing, spot prices of gold were at $3,340.94 per ounce, marking a drop from the $3,500 territory in the previous trading session.

In the first quarter of the year, First Majestic Silver Corp. (NYSE:AG) said that it achieved an 88-percent increase in silver ounces at 3.7 million silver ounces from 2 million silver ounces in the same period a year earlier.

Total silver production in the quarter included 1.4 million ounces of attributable silver production from Cerro Los Gatos as well as a 17-percent increase at San Dimas primarily due to operational improvements.

Overall AG ranks 3rd on our list of Tuesday’s worst-performing stocks. While we acknowledge the potential of AG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.